https://www.taxtmi.com/caselaws?id=375181 The Tribunal allowed the assessee's appeal for the assessment year 2013-14 for statistical purposes. It found discrepancies in the AO's computation of long term capital gains (LTCG) and admitted additional evidence crucial for determining the correct LTCG. The inclusion of siblings' share in the sale consideration was deemed unreasonable, emphasizing the need to verify factual correctness. The Tribunal set aside the assessment for further verification of siblings' relationship and payments. The importance of ensuring a just assessment process and accurate computation of LTCG was highlighted throughout the case. en-us Wed, 13 Feb 2019 00:00:00 +0530 Fri, 15 Feb 2019 08:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375181 The Tribunal allowed the assessee's appeal for the assessment year 2013-14 for statistical purposes. It found discrepancies in the AO's computation of long term capital gains (LTCG) and admitted additional evidence crucial for determining the correct LTCG. The inclusion of siblings' share in the sale consideration was deemed unreasonable, emphasizing the need to verify factual correctness. The Tribunal set aside the assessment for further verification of siblings' relationship and payments. The importance of ensuring a just assessment process and accurate computation of LTCG was highlighted throughout the case. Case-Laws Income Tax Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375181